Mr. Ari Sussman reports

COLLECTIVE MINING RECEIVES CONDITIONAL APPROVAL TO GRADUATE TO THE TSX

Collective Mining Ltd. has received conditional approval from the Toronto Stock Exchange (TSX) to graduate from the TSX Venture Exchange (TSX-V) and list its common shares on the TSX.

Final approval of the listing is subject to the company meeting certain customary conditions required by the TSX. The company will issue a press release once the TSX confirms the date when trading of the common shares is expected to commence on the TSX.

In connection with the listing of the common shares on the TSX, the company will submit a request to voluntarily delist its common shares from the TSX-V. Such delisting is expected to be effective on or shortly after the date the common shares commence trading on the TSX. Shareholders are not required to exchange their share certificates or direct registration system advices, or take any other action in connection with the listing on the TSX, as there will be no change in the trading symbol or Cusip for the common shares.

About Collective Mining Ltd.

Founded by the team that developed and sold Continental Gold Inc. to Zijin Mining for approximately $2-billion in enterprise value, Collective Mining is a copper, silver and gold exploration company with projects in Caldas, Colombia. The company has options to acquire 100-per-cent interests in two projects located directly within an established mining camp with 10 fully permitted and operating mines.

The company's flagship project, Guayabales, is anchored by the Apollo target, which hosts the large-scale, bulk-tonnage and high-grade copper-silver-gold Apollo porphyry system. The company's near-term objective is to drill the shallow portion of the porphyry system, continue to expand the overall dimensions of the system, which remains open in most directions, and test newly generated grassroots targets.

We seek Safe Harbor.